Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: SGJ who wrote (600)	6/23/2002 10:44:27 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

most friends realize my whacky stuff is just fun, colorful good to hear from you after all these quarters those who meet me personally dismiss silly stuff more easily I love to have fun, love to laugh, but have near zero tolerance for stupidity in govt and policymaking not to mention shallow types who have ten times the salesmanship compared to ability I first heard of the Austrian School back in early 1990's I knew in my heart and mind that it was rock solid but I also realized in an eyeblink that for political reasons that this country and its govt will continue to fund whatever they think wise and best in "our immediate interest" in my view, that includes three big expenses: - social programs (SocSecurity, Medicare, Medicaid) - financial insurance for world disasters (Mexico, Argentina, LTCM, WTC) - military and security (Islamics, airports) I just read that Medicaid would not receive an additional $300 billion for prescription drugs oy oy oy, where does it end? but in the last few years, Austrian issues are front center really since 1997-98 when the Meltdown began I link our Naz bubble burst with Asian Melt and Russian default and LTCM collapse just a pause of a mere 16 months before Feb2k and Sept98 with the pause focused on Y2K distractions now our debts are absolutely colossal I lack words to describe how big with May federal debt of $60-70 billion with May trade gap of $40 billion now the world is watching the falling dollar juxtaposed against our TwinTower Debts so NYC twins drop, but our Debt twins now loom large seriously, what do you make of a prime tenet of Austrians? I refer to their belief that fiat currency (aka debt) must increase with accelerated pace after a couple decades (i.e. now) in order to maintain a linear constant growth rate in disposable income, after servicing personal and household debt this is a huge issue it means to me that the Fed Checking Writing must increase markedly in order to maintain current levels and JUST TREAD WATER this is a prescription for disaster I have never seen the Fed so caught locked in a box they are truly powerless and hamstrung now thanks for coming by dunno if you noticed, but I am less abusive on this unmoderated thread on the QCOM thread I bristled with jerkweeds who dismissed Technical Analysis, despite a solid 75-80% correct track record that put forth on the VoltPorch thread I repeatedly became annoyed at animal reports, battlebot nonsense, and weather discussions, while almost everyone went broke from listening to a guy who has almost zero knowledge of the economy or financial markets if you could drop a few lines on the acceleration fiat question, much appreciated are you working at a regional bank? some huge huge differences will soon be clear between money center banks and regionals later, Jim p.s. back from NC beach, but still sunny and gorgeous oh, the frustrations of a great tan but a clear tan line